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FOX News
Dec 27, 2012 6:00am PST
across the board tax hikes for 90% of american households. president obama on his way back to washington right now but not all the lawmakers are there and if congress and the president do not reach a compromise before january 1st many analysts say the economy will slide back into a recession. gregg: mike emanuel is live on capitol hill. mike, any indication of the president's next move? >> reporter: well, gregg, last time we heard the president talk about the this matter he said he was calling on congressional leaders to essentially make sure taxes do not go up on middle class americans. presumably that would be a package that continues the bush tax cuts for those making up to $250,000. he would also like to continue emergency unemployment benefits for two million americans. and beyond that, details are kind of murky at this point. so we await the president to get back to washington. we know that the senate will be back in session today. we know there have been some conversations back and forth but at this point no indication that steps have moved forward closer to a deal, gre
FOX News
Dec 26, 2012 6:00am PST
tax hikes we have ever had in the history of the country. gregg: right. and the hard place? >> yeah. the hard place is the negotiations. you think about it. reid and pelosi and boehner and obama all trying to come to an agreement? that seems almost impossible, doesn't it, when you know all of them? gregg: how do you close the tax gap? >> yeah. right now you can not do it. so the tax gap, at least in my opinion, would be the deficit. it's over a trillion dollars. if we raise everyone today, that pays the top tax rate, 35%, if we taxed them at 100% on all the money that they currently pay 35% on, and remember, i'm assuming that nobody changes their behavior. they still work just as hard even though they pay 100% tax, we would only raise $360 billion in this coming year. and that would still leave an $800 billion deficit. we can not tax away the deficit. gregg: sure we can. we can do the value-added tax. >> well, and that's what worries me. if we don't cut spending, spending right now, the federal government is the largest it has ever been as a share of our economy. it takes up more of
FOX News
Dec 24, 2012 6:00am PST
extremist elements all around this consulate. why were those security requests denied. gregg: right. >> and then on that day for seven hours we couldn't even scrap bell one jet to show support? there had to be a much better way. gregg: "the american spectator" wrote, obama's fingerprints is all over this refusal. no one in the cia command --, failure has to be obama's. no one else could have denied the real-time request. look the incompetence legally identified in this report explain why there was alleged cover-up of the truth by the administration? >> because there is no doubt about it. for the next few days and even weeks, they were still spinning this report of an obscure video and spontaneous protests and what we have seen from all of the footages there was no protest at all. and that there was no mention of any video by these terrorists. so shame on everyone involved in this. four americans are dead. we need to prevent this in the future. in order to do that, we need to find out what went wrong. gregg: maybe congress can get to the bottom of it. i will ian that ros-lehtinen, thanks so
FOX News
Jan 1, 2013 7:00am PST
obama released a statement in the early morning hours that read in part quote, while neither democrats or republicans got everything they wanted this agreement is the right thing to do for our country and the house should pass it without delay. vice president biden as you say is meeting with house democrats shortly after noon to enlist their support but last night he wouldn't bet which way house republicans will go. >> surely shouldn't predict how the house is going to vote but i feel, very, very good, happy new year and i will see you all maybe tomorrow. >> reporter: house republicans will caucus about 1:00 this afternoon to decide whether to take a vote after studying the bill. the fact that all but five senate republicans supported it should give house republicans some cover. rick? rick: wendell, we know the president returned early from hawaii, his family's christmas vacation in order to be a part of these negotiations at least to oversee the process. if a deal is reached and the house votes to approve it, does he get to take some time off? >> reporter: i think one of the reasons t
Search Results 0 to 3 of about 4